I have some questions about some arguments used in the discussion about consequnces of Bott periodity in in A Concise Course in Algebraic Topology by P. May at page 207. Her the excerpt:
Following context: Denote $U:= colim_n U(n)$ the infinite unitary group induced via canonical inclusions $U(n) \subset U(n+1)$.
FIRST QUESTION: Why is the loop space $\Omega BU := Hom(S^1, BU)$ $H$- equivalent to $U$?
We know that $BU = E/U$ where $E$ is the unique simply connected universal principal $U$-space and after applying $\pi_0(-)$ functor we obtain $\pi_0(\Omega BU) = \pi_1(E/U)= U$ by covering theory since $E$ is universal cover.
But does this already imply that $\Omega BU $ homotopy equivalent to $U$? $\pi_0$ only counts path components.
SECOND QUESTION: We know that $SU$ - the infinite special unitary group - is the universal cover of $U$ (via colimit argument). Futhermore $\pi_1(U)=\mathbb{Z}$.
Why does it imply that $$\Omega U \cong (\Omega SU) \times \mathbb{Z}$$ as $H$-spaces (remark: $X$ is a $H$-space if there exist a "multiplication" $X \times X \to X$.

Since your homotopy discreteness argument provides that $\Omega S^1$ and $\coprod_{z \in \mathbb{Z}} {*} \cong \mathbb{Z}$ have the same homotopy groups. Or did I misunderstood your point?
– user267839 Mar 25 '19 at 16:48